• The Affordable Care Act contains over a thousand pages of reforms to the insurance industry and the health care industry in order to cut health care costs and to provide affordable health insurance to all Americans.
• Before the law you could be denied coverage or treatment because you had been sick in the past, be charged more because you were a woman, be dropped mid-treatment for making a simple mistake on your application, and had little or no way to fight insurance company appeals.
• There are around 44 million Americans who currently are unable to get health insurance. One of the major things ObamaCare does is help these individuals to get health insurance through expanding Medicaid and Medicare and offering cost assistance to Americans who cannot currently afford health care.
• Most Americans will have to have health insurance by January 1st, 2014 or pay a fee on their year-end taxes. Many Americans will be eligible for subsidized health insurance costing anywhere from 0% - 9.5% of their taxable income. Subsidized insurance can be purchased through the Health Insurance Marketplace.
(very similar to Australian practice)
What Does President Obama Want Us to Understand About ObamaCare?
President Obama explains that most of the 85% of Americans with health insurance are already experiencing the bulk of what the program has to offer and have been for the past 3 years. The individual mandate, employer mandate and health insurance marketplace will affect a percentage of uninsured Americans or those who don't like their insurance.
That being said new essential health benefits and preventative services at no out-of-pocket costs, mandatory coverage for pre-existing conditions, the elimination of annual limits, cost assistance and more kick in starting 2014 for everyone, unless you have a plan with grandfathered status.
What Does ObamaCare Do?
• ObamaCare improves the quality of care that Americans receive by providing better preventative and wellness services and raising the standards of the quality of basic health care coverage.
• ObamaCare eliminates pre-existing conditions and gender discrimination meaning no one can be charged more or be dropped from their health insurance coverage for health or gender related reasons!
• ObamaCare gives tens of millions of low-income and middle-income Americans access to quality health care by providing discounts through the Health Insurance Marketplace (also known as a Health Insurance Exchange).
Although the Affordable Care Act (ObamaCare) was signed into law in 2010, the health care reforms it enacts roll out year by year until 2022. Many of the biggest reforms don't kick in until 2014.
• ObamaCare helps to ensure that health care coverage is available to any legal U.S. resident who cannot otherwise obtain "quality" healthcare through their employer. Your access to health care is no longer in the hands of health insurance companies.
• ObamaCare gives American employers with over 50 full-time employees the choice between providing insurance that meets the standards of ObamaCare or paying a penalty. This penalty helps to offset the cost of employees who aren't covered through their employer to purchase insurance through the public health insurance exchanges instead of using emergency services.
• Employers with less than the equivalent of 25 full-time employees may qualify for tax credits, tax breaks and other assistance for insuring employees through the Health Insurance Marketplace.
• ObamaCare increases consumer protections. These help to protect you from being dropped while sick, denied care due to lifetime limits, denied care for pre-existing conditions, and offers Americans a better legal standing against health insurance companies.
• Unless you make over $200k individual / $250k as a family or small business you are exempt from almost every tax ObamaCare levies.
• ObamaCare requires that all Americans have health insurance either through a private provider or through a state or federally assisted program. If you don't have insurance you must pay a tax equal to 1% of your income in 2014 and 2.5% in 2016.
• ObamaCare expands Medicaid to over 15 million uninsured low-income Americans.
• The new health care law aims to reform the health care industry by cutting out waste, reallocating where government funding goes, fixing what doesn't work, and most of all ensuring health care for Americans.
- Forums
- Political Debate
- obama leads us back to roman empire
• The Affordable Care Act contains over a thousand pages of...
Featured News
Featured News
The Watchlist
WCE
WEST COAST SILVER LIMITED
Bruce Garlick, Executive Chairman
Bruce Garlick
Executive Chairman
Previous Video
Next Video
SPONSORED BY The Market Online